Which is worse inflation or recession?
Inflation is worse than recession. Recessions end. Inflation is the most powerful force in the world and it keeps on keeping on. Inflation in the U.S., for example, has decreased the value of the dollar 84% since the beginning of 1969. The average rate of inflation in the U.S. is 4.1% on average for the past 30 years; at this rate the dollar loses half its purchasing power every 17 years. For detailed inflation data, see www.bls.gov. The data there includes an inflation chart sine 1913. Since the mid 1970s, the slope of the chart is up on an angle of approximately 45 degrees.
Related Questions
- I have seen reports that the United States is going into a recession, the markets are volatile and interest rates and inflation in South Africa are going up. Please explain what is happening?
- What is the difference between inflation, deflation, recession and depression?
- Which is worse inflation or recession?
